The extended temporary restraining order (TRO) on the Manila Electric Co’s (Meralco) power rate hike may have an impact on the inflation rate forecast of the Bangko Sentral ng Pilipinas (BSP) this year, a high-ranking BSP official said.
According to BSP Deputy Governor Diwa Guinigundo, the 60-day extension of the TRO may be considered by the BSP in the downward adjustment of its inflation forecast this year.
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